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GBP/USD Forecast: Bounces Against US Dollar

GBP/USD Forecast: Bounces Against US Dollar

The British Pound initially fell against the US Dollar during early trading on Thursday but then found itself bouncing as the 200-day EMA caused people to look at this through the prism of perhaps trying to buy the dip. The 200 day EMA of course is a major inflection point for technical traders and it’s […]
GBPUSD Forex Elliott Wave Technical Analysis – Friday, August 9

GBPUSD Forex Elliott Wave Technical Analysis – Friday, August 9

Elliott Wave Analysis Trading Lounge Day Chart,British Pound/U.S. Dollar (GBPUSD) Day ChartGBPUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT HIGHER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 of 3 appears completed, now Orange Wave 3 is in progress. Wave Cancel invalid level: 1.26658The GBPUSD Elliott Wave Analysis on the […]
AUD/USD Sits Near Multi-week Peak, Bulls Await Sustained Strength Beyond 0.6600 Mark

AUD/USD Sits Near Multi-week Peak, Bulls Await Sustained Strength Beyond 0.6600 Mark

The AUD/USD pair builds on this week’s solid recovery move from the 0.6350 area, or its lowest level since November 2023 and climbs to a two-and-half-week high on Friday. Spot prices now seem to have found acceptance above the very important 200-day Simple Moving Average (SMA), with bulls awaiting a sustained strength beyond the 0.6600 […]
Applied Materials Stock Suffers A Harsh Reversal: Aug 15 Will Be Key

Applied Materials Stock Suffers A Harsh Reversal: Aug 15 Will Be Key

Applied Materials (AMAT) stock price has moved into a deep bear market as concerns about the semiconductor industry continued. It has crashed by more than 25% from its highest point this year and is hovering near its lowest point since April.  Start Trading Today With The Best Trading Platform!  Semiconductor woes continueThe semiconductor industry has been doing […]
Unlocking ASX Trading Success: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast

ASX: CSL LIMITED – CSL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED – CSL. We see that CSL may be moving higher with wave ((iii))-navy.ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis  ASX: CSL LIMITED – CSL 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse Position: Wave ((5))-navy of Wave iii-grey of Wave ((iii))-navy  Details: Wave ((4))-navy has just ended and Wave ((5))-navy is unfolding to continue pushing higher. The previous Long Trade position is still performing well.  Invalidation point: 296.91   Start Trading Today With The Best Trading Platform!  ASX: CSL LIMITED […]
Metal Markets Report For Thursday, Aug 8

Metal Markets Report For Thursday, Aug 8

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:36More By This Author:SPDR ETF Report For Thursday, Aug 8Financial Markets Report For Thursday, Aug 8Metal Markets Report For Wednesday, Aug 7
Gold Monthly: Rally Might Not Be Over Just Yet

Gold Monthly: Rally Might Not Be Over Just Yet

Image Source: PixabayGold joined the global sell-off of equities at the start of this week, driven by growing concerns over the risk of recession in the US. Gold, usually a safe haven during such uncertainty, sold off sharply on Monday amid likely liquidations to cover margin calls on other assets. Gold drops amid rout in stocks  Source: […]
Nostra expands to Ethereum-compatible Monad following community vote

Nostra expands to Ethereum-compatible Monad following community vote

Key Takeaways Nostra’s community voted 43.3% in favor of expanding to Monad. Monad’s EVM parallelization will support Nostra’s DeFi and payment apps. Nostra, a Starknet-based decentralized finance (DeFi) project, announced today its plans to deploy on Monad, an Ethereum-compatible Layer 1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision […]
EUR/GBP Trades With A Bearish Bias Near 0.8550 After German Inflation Data

EUR/GBP Trades With A Bearish Bias Near 0.8550 After German Inflation Data

Image Source: Unsplash EUR/GBP trades in negative territory for the third consecutive day near 0.8560 in Friday’s early European session.  The German HICP inflation came in line with consensus, rising by 2.6% YoY in July.  The Cable will be impacted by the BoE rate cut expectation for the time being.  The EUR/GBP cross trades with mild […]
End Of An Era For “Magnificent 7” Tech Stocks

End Of An Era For “Magnificent 7” Tech Stocks

Image Source: PixabayIn the long run, Monday’s pullback is little more than a blip on the radar.Stocks are already recovering and investors seem cautiously optimistic about the months ahead.But Monday also marked a critical turning point for some of the market’s top stocks … the so-called “Magnificent Seven.”If you look at the market reaction following the […]